Free Tuition
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No idea, but you'd think certain endowments (e.g., Stanford's) would be so large they could provide free tuition off the interest alone. For example, Stanford's is $36 billion, so if they made 4% a year in where it's invested, that's almost $1.5 billion available for tuition. Or given their 7,500 undergrad students, almost $180,000 per student per year...
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Instead of free tuition, how about bigger classes?
“Cry havoc and let slip the DOGE of war!”
Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton
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It's in there. It's from a $1B gift. Once again we punish the well to do who made this possible.
Beginning in fall 2024, Hopkins will offer free tuition for students pursuing an MD who come from families earning under $300,000, a figure that represents 95% of all Americans. Additionally, Hopkins will cover living expenses on top of tuition and fees for medical students from families that earn up to $175,000, a threshold inclusive of the vast majority of families in the U.S. Nearly two-thirds of current and entering medical students at Johns Hopkins will immediately qualify for either free tuition or free tuition plus living expenses. Eligible new and returning medical students will receive updated financial aid packages this summer that reflect the gift's impact.
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It's in there. It's from a $1B gift. Once again we punish the well to do who made this possible.
Beginning in fall 2024, Hopkins will offer free tuition for students pursuing an MD who come from families earning under $300,000, a figure that represents 95% of all Americans. Additionally, Hopkins will cover living expenses on top of tuition and fees for medical students from families that earn up to $175,000, a threshold inclusive of the vast majority of families in the U.S. Nearly two-thirds of current and entering medical students at Johns Hopkins will immediately qualify for either free tuition or free tuition plus living expenses. Eligible new and returning medical students will receive updated financial aid packages this summer that reflect the gift's impact.
@Mik said in Free Tuition:
It's in there. It's from a $1B gift. Once again we punish the well to do who made this possible.
What do you mean "we"?
How do you know it's John Hopkin's idea or the donor's idea to employ means testing?
What "punishment" are you talking about?
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I don't think this is going to punish anybody who could afford to give a 1 billion dollar endowment.
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@Mik said in Free Tuition:
If you are giving 95% of students free tuition, what's the virtue of charging the other 5?
That's not quite that they're saying - they're saying they will give 66% of their students free tuition. It's skewed from the general population since there is presumably a tendency for the successful applicants to come from richer families anyway.
I don't know how the detailed numbers work, but I don't have a problem with them making attendance affordable for people who aren't wealthy. They're not actually punishing anybody, they're taking away a cost for 2/3 of their students based on an endowment.
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It should have been staggered.
Think about it, JHU Med tuition is $65K per year. That’s $260K total. A kid from a family making $298K per year gets it for free, but a student who’s parents combine for just $2K more per year gets nothing…
The Brad
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And a family making $298K per year are doing pretty damn well..
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It should have been staggered.
Think about it, JHU Med tuition is $65K per year. That’s $260K total. A kid from a family making $298K per year gets it for free, but a student who’s parents combine for just $2K more per year gets nothing…
@LuFins-Dad said in Free Tuition:
It should have been staggered.
Think about it, JHU Med tuition is $65K per year. That’s $260K total. A kid from a family making $298K per year gets it for free, but a student who’s parents combine for just $2K more per year gets nothing…
Yes, that's fair. A complete cut-off isn't the smartest way to do it. It might also be worth taking into account whether the family has more than one kid in college at the same time.
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It should have been staggered.
Think about it, JHU Med tuition is $65K per year. That’s $260K total. A kid from a family making $298K per year gets it for free, but a student who’s parents combine for just $2K more per year gets nothing…
@LuFins-Dad said in Free Tuition:
a student who’s parents combine for just $2K more per year
Maybe the employer of the parents who combine for just $2K more per year would be kind enough to give them a $2K pay cut.
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Same as with the US Affordable Care Act insurance. There is an income "cliff", not a gradual slope. Make X$/year = eligible for subsidy. Make X+1$/year = 0 subsidy. Always seemed silly to me to have that like that.
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@Jolly said in Free Tuition:
Instead of free tuition, how about bigger classes?
Said a wise man.
It is horrendously expensive to educate a physician ( a DOCTOR Jill, not so much
). Let's not cut tuition, let's use the money to train more doctors!I'll bet you my next paycheck there are kids applying to med schools that never get in, that would make decent primary care physicians.
